In recent years, major environmental disasters have been perpetrated by large corporations. Since all living creatures on the planet are impacted by this negligence, it has fallen upon governmental bodies and third-party organizations to put forth regulations that hold companies accountable for these errors. If you run a business that involves shipping crude oils or other volatile materials across open water, then you absolutely need to take additional steps to protect your business from whatever danger is in store.
Understanding the Right Practices
One area to consider when it comes to ECOFR practices for business is assessing your current strategy. You cant make improvements until you have a better idea of how youre currently performing, after all. Review areas like shipping, waste management, and the budget in order to gain more insight on whether or not you are in a good position. Should you notice any major issues with your current capabilities and your impact on the environment, this is the time to make changes. Other areas to review for insurance include:
- D&O coverage
- Commercial auto policies
- Appropriate compensation for employees
Ending the Negligence
The impact business has on the planet is hard to deny. Though it can be difficult to know what the future has in store, there are many steps you can take now in order to reduce how much damage your company does to the world.